About financing ... ... ...
If they are raising enough money to test, develop, manufacture, and bring this product to market in a highly regulated industry, they need ALOT of money.
I think this fluffy PR was put out because the deals required for this project are big and are taking more time than they hoped.
They know investors are getting restless and wanted to give some kind of update.
One thing that makes me feel better about this stock than other pinkies is the fact that the technology is being developed by PHDs at reputable universities. This provides a level of credibility that might just allow them to make the deals they need.
I used to be a research assistant and the project I worked on was cutting edge. The Prof. eventually started a successful company manufacturing semiconductor lasers.
THINK LIKE THE CEO NOT LIKE A SHAREHOLDER!
Leaders are responsible for their own growth.
